A to Z Company issued 10000 equity shares of ₹ 100 each at a
premium of ₹ 10 each. The full amount including premium was
received along with the application. Give necessary Journal Entries.
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1 entry
bank ac dr. 1100000
To equity share application ac 1100000
(being full amount of share received on application with premium rs 10 each )
2nd entry
Equit share application ac dr. 1100000
To equity share capital ac. 1000000
To equity Premium reserved ac. 10000p
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